Federal Government of Nigeria reviews provisional protocol for travellers arriving from Brazil, India and Turkey

Federal Government of Nigeria reviews provisional protocol for travellers arriving from Brazil, India and Turkey

The Federal Government of Nigeria, on 02 May 2021, announced that travellers arriving from Brazil, India and Turkey (BIT countries) will be denied entry into Nigeria with effect from Tuesday, 4 May 2021

CBN replaces the platform for the processing of electronic Certificate of Capital Importation

CBN replaces the platform for the processing of electronic Certificate of Capital Importation

The Central Bank of Nigeria (CBN) has announced the replacement of the platform for the processing of electronic Certificate of Capital Importation (eCCI).

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A case for eXtensible Business Reporting Language (XBRL)

On the 24th March 2021, the International Financial Reporting Standards (IFRS) Foundation published IFRS Taxonomy 2021. The 2021 taxonomy is an upgrade on previous versions of a digital taxonomy developed by the global reporting standard-setter for digital and electronic reporting that is based on a global reporting language known as XBRL.

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Re-imagining the Finance Function

All over the world, there has been a rapid transformation in how businesses operate and thrive. The new order of operation is largely a result of the speedy adoption of new technologies but exacerbated by the pandemic that has now redefined how we live and interact. Business functions within organizations are now forced to reinvent themselves as the effectiveness of their operating models are being challenged.

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Tax revenue generation challenge in a dwindling economy – the need for constructive compromise within the transfer pricing landscape in Nigeria

Tax revenue generation challenge in a dwindling economy – the need for constructive compromise within the transfer pricing landscape in Nigeria

LIRS extends deadline for filing 2020 individual Income Tax Returns (Form A) by two weeks

LIRS extends the deadline for filing 2020 Individual Income Tax Returns (Form A) by two weeks

The Lagos State Internal Revenue Service (LIRS) has issued a public notice (the Notice) informing all taxable individuals resident in Lagos State of a two-week extension of the deadline for filing the 2020 individual income tax returns.

Federal Inland Revenue Service issues notice of compliance monitoring visits to RFIs

Federal Inland Revenue Service issues notice of compliance monitoring visits to RFIs

Following the filing of the first sets of information returns by Nigerian Reporting Financial Institutions (RFIs) in September 2020, the Federal Inland Revenue Service (FIRS) has issued notifications to selected Nigerian RFIs of its intention to carry out compliance monitoring exercise with respect to Nigerian RFIs reporting obligations under the Income Tax (Common Reporting Standard) Regulations, 2019 (the CRS Regulations).

2021 Government of Ghana Budget Statement and Economic Policy

2021 Government of Ghana Budget Statement and Economic Policy

The 2021 Budget Statement is under the theme: “Economic Revitalisation, through Completion, Consolidation and Continuity”.
Given the significant effect of COVID-19 on the Ghanaian economy, like other economies in the world, the Government has reiterated its commitment to support businesses and households through the provision of incentives, interventions and reliefs while implementing policies geared towards enhancing revenue mobilization.

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Building Resilience in Internal Audit: Guiding Principles for Thriving in an Age of Constant Disruptions

With disruptive technologies, dynamic business environments and changing stakeholders’ expectations impacting every aspect of an organisation, Internal Audit (IA) should reassess the manner in which it delivers services.

Taxing digital transactions: What are the immediate and future imperatives?

Taxing digital transactions: What are the immediate and future imperatives?

21st Century businesses in traditional industries have transformed over time, moving from regular “brick and mortar” models to operating in the digital space, focusing on the provision of online services.